Nov 30, 2018 Episode #12 - Interview with Colin Ritchie, LLP, CFP about tax advantaged savings accounts, The Smith Moanoever, debt, savings and retirement.

by Canadian MoneySaver

In the 12th edition of the MoneySaver Podcast, Ellen Roseman chats with Colin Ritchie from and Canadian MoneySaver contributor about grandparents funding RESPs, TFSA or RRSP, The Smith Manoever, taxation, Wills and Powers of Attorney as well as his tips for a successful financial career.


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Colin Ritchie


Getting to know Colin Ritchie, LLP, CFA from

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Questions Asked:

1:15  How do I make the best of my TFSA or RRSP for retirement?  Let’s say the person is 10 or 15 years out of university, making an income and has a little bit of student debt but not a crushing amount.

4:03  Who should be focusing more on maximizing their TFSA contributions?

7:18  What are some ways to get the max benefit from an RESP?  And how to you invest at the beginning versus near the end when you’re about to pull the money out for post-secondary education?

10:04  Can you explain what the Smith Manoever is?

15:02  We should have a will and a power of attorney.  What is your advice for people to get up to date with these important documents? 

18:05  Does the power of attorney go along with the will?

19:37  What are your three best tips for handling your finances?

20:15  What’s the best way to educate yourself about your taxes?

25:08  Since you’re a CFP, have you made any mistakes in your day?  Or do you find yourself procrastinating when it comes to financial planning?

27:40  What is the earliest age that you can start contributing to a TFSA?


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